VST Industries Ltd
VST Industries is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products.(Source : 202003 Annual Report Page No: 93)
- Market Cap ₹ 5,132 Cr.
- Current Price ₹ 3,324
- High / Low ₹ 3,862 / 2,910
- Stock P/E 16.7
- Book Value ₹ 718
- Dividend Yield 4.51 %
- ROCE 38.0 %
- ROE 29.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 4.52%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.9%
- Company has been maintaining a healthy dividend payout of 65.0%
Cons
- The company has delivered a poor sales growth of 6.40% over past five years.
- Promoter holding is low: 32.2%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Tobacco Products Industry: Cigarettes
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
684 | 669 | 789 | 836 | 883 | 922 | 948 | 1,099 | 1,239 | 1,111 | 1,178 | 1,292 | 1,330 | |
475 | 488 | 571 | 594 | 646 | 675 | 654 | 746 | 825 | 700 | 767 | 910 | 969 | |
Operating Profit | 210 | 180 | 218 | 243 | 237 | 248 | 294 | 353 | 415 | 411 | 412 | 383 | 361 |
OPM % | 31% | 27% | 28% | 29% | 27% | 27% | 31% | 32% | 33% | 37% | 35% | 30% | 27% |
26 | 26 | 32 | 18 | 20 | 20 | 25 | 39 | 47 | 42 | 47 | 76 | 73 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 25 | 22 | 27 | 32 | 31 | 37 | 39 | 41 | 42 | 35 | 30 | 30 | 33 |
Profit before tax | 211 | 184 | 224 | 229 | 227 | 231 | 279 | 351 | 420 | 417 | 428 | 429 | 402 |
Tax % | 32% | 31% | 33% | 33% | 32% | 34% | 35% | 35% | 28% | 26% | 25% | 24% | |
143 | 126 | 150 | 152 | 153 | 152 | 182 | 227 | 304 | 311 | 320 | 327 | 307 | |
EPS in Rs | 92.29 | 81.76 | 97.24 | 98.57 | 99.15 | 98.13 | 117.79 | 146.90 | 196.93 | 201.26 | 207.38 | 211.75 | 199.02 |
Dividend Payout % | 70% | 76% | 72% | 71% | 71% | 76% | 66% | 65% | 52% | 57% | 68% | 71% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 1% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 13% |
3 Years: | 2% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 1% |
3 Years: | -4% |
1 Year: | -6% |
Return on Equity | |
---|---|
10 Years: | 35% |
5 Years: | 34% |
3 Years: | 32% |
Last Year: | 29% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Reserves | 275 | 289 | 313 | 331 | 355 | 524 | 567 | 649 | 772 | 925 | 1,059 | 1,164 | 1,093 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
421 | 439 | 427 | 479 | 457 | 259 | 482 | 541 | 610 | 545 | 516 | 474 | 582 | |
Total Liabilities | 711 | 744 | 755 | 826 | 827 | 798 | 1,064 | 1,205 | 1,397 | 1,486 | 1,591 | 1,654 | 1,691 |
163 | 175 | 209 | 198 | 174 | 220 | 195 | 213 | 187 | 173 | 195 | 590 | 576 | |
CWIP | 0 | 0 | 0 | 0 | 41 | 1 | 34 | 0 | 13 | 33 | 10 | 0 | 52 |
Investments | 224 | 199 | 181 | 171 | 162 | 174 | 416 | 575 | 753 | 887 | 971 | 577 | 466 |
324 | 370 | 365 | 457 | 450 | 403 | 419 | 416 | 444 | 393 | 415 | 486 | 597 | |
Total Assets | 711 | 744 | 755 | 826 | 827 | 798 | 1,064 | 1,205 | 1,397 | 1,486 | 1,591 | 1,654 | 1,691 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
151 | 118 | 130 | 118 | 132 | 146 | 420 | 290 | 331 | 286 | 277 | 181 | |
-63 | 9 | -18 | 3 | -24 | -18 | -264 | -148 | -155 | -144 | -96 | 47 | |
-81 | -117 | -113 | -126 | -130 | -130 | -139 | -144 | -177 | -159 | -187 | -224 | |
Net Cash Flow | 7 | 10 | -1 | -6 | -22 | -2 | 17 | -2 | -0 | -17 | -5 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 7 | 13 | 4 | 5 | 5 | 5 | 11 | 5 | 5 | 5 | 10 | 12 |
Inventory Days | 282 | 288 | 255 | 336 | 316 | 257 | 196 | 187 | 182 | 226 | 210 | 205 |
Days Payable | 56 | 62 | 48 | 71 | 54 | 44 | 45 | 55 | 87 | 84 | 74 | 57 |
Cash Conversion Cycle | 233 | 239 | 211 | 270 | 267 | 218 | 162 | 137 | 99 | 148 | 147 | 161 |
Working Capital Days | -80 | -74 | -54 | -32 | -18 | 43 | -44 | -58 | -63 | -58 | -42 | -4 |
ROCE % | 71% | 58% | 69% | 65% | 58% | 51% | 50% | 56% | 58% | 48% | 42% | 38% |
Documents
Announcements
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
1 Dec - The Company has received a notice from the Superintending Engineer, Operation Central Circle, TSSPDCL, Hyderabad. The details as required under Regulation 30 of the aforesaid …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Nov
- Board Meeting Outcome for Outcome Of The Board Meeting 17 Oct
- Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2023 17 Oct
- Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results 6 Oct
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Leading Cigarette Manufacturer
The Vazir Sultan Tobacco Company Limited, incorporated in 1930, holds the position of the third-largest player in the domestic market with a market share of ~10%. [1] [2]